If you're purchasing property to generate rental income, your search will vary than if you're searching for a fixer as much as flip. Both options will include their own issues that have to be consisted of in your decision-making procedure. Take leasing for beginners. Ward of Equitable Advisors says financiers anticipating to get a constant flow of regular monthly income need to brace for the unexpected.Or a pricey repair work might drain all your savings. A fix-and-flip comes with its own set of dangers, and overpaying for a home is a big one. As is undervaluing the costs of repairs or demand for the home. Either way you go, Palomino states it's best to start out small and to learn from your errors.